ICO's Popularity Drives Growth in Blockchain Technology
A Global insights report states the blockchain market is expected to rise above 16 Billion USD by 2024. The major driver for this huge increase in value is the large interest initial coin offerings (ICOs) by venture capitalists. Companies have raised over 2 Billion USD with over 250 ICOs in 2017 alone. The report noted a large increase in the healthcare and government sectors of blockchain technology.